Energy company EOG Resources, Inc. (NYSE: EOG) has announced results for the second quarter of FY25, reporting a decline in revenues and adjusted profit.
Earnings, on an adjusted basis, were $1.3 billion or $2.32 per share in Q2, vs. $1.81 billion or $3.16 per share last yearUnadjusted profit was $1.35 billion or $2.46 per share, compared to $1.69 billion or $2.95 per share in Q2 2024Second-quarter revenues decreased to $5.48 billion from $6.03 billion in the corresponding quarter last yearThe company generated $1.0 billion of free cash flow during the quarter; it paid $528 million in dividends and repurchased $600 million of sharesTotal oil production was 504,200 Bopd in Q2, above the midpoint of the guidance range and up from 1QNGL production was above the midpoint of the guidance range and up 7% from the first quarterNatural gas production came in above the midpoint of the guidance range, growing 7% sequentiallyThe management expects total capital expenditures for fiscal 2025 to range from $6.2 billion to $6.4 billionIt sees full-year average oil production of 521 MBod and average total production of 1,224 MBoed
